Powers of Attorney

Granting power of attorney to a trusted agent can ensure that important matters are handled carefully when you cannot tend to them yourself. Generally speaking, powers of attorney address three main areas of concern:

• Financial management –You may grant someone power of attorney to manage your bills, taxes, stocks, royalties, or other financial assets. Handing authority to a trusted individual can give you a sense of security when times are difficult. Older adults who are forgetful or susceptible to scams can also benefit from a loved one overseeing their bank accounts and other financial concerns.
• Legal and business matters –Even if you are not planning to step away from the day-to-day management of your business or legal matters, executing power of attorney is a prudent contingency plan. An agent can also be given the right to act as your power of attorney during real estate deals and other transactions.
• Medical care –When a medical crisis strikes, loved ones are often unsure about the extent of lifesaving treatment the injured or ill person would want. Every adult should have an advance directive that clearly specifies their wishes for medical care and grants decision-making authority to a person of their choosing.

Pollan Elder & Disability Law works to prepare documents that address each client’s specific needs and concerns.

A power of attorney can grant broad authority or be limited in scope. While a limited power of attorney can give an agent authority to act in your stead for only a very specific period of time or to fulfill a specific task, a general power of attorney can transfer all of your authority to another party. Our knowledgeable lawyers draft all types of powers of attorney. We can collaborate closely with you and your chosen agent(s) to evaluate each area where power of attorney is advisable.